HK plans HK$100M to boost convention and exhibition industry
TL;DR
Hong Kong plans HK$100 million to boost its convention and exhibition industry, expanding infrastructure and offering incentives to regain its status as a regional hub for trade events.
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HK plans HK$100M to boost convention and exhibition industry
Hong Kong Government Announces Expanded Support for Convention and Exhibition Industry
The Hong Kong Special Administrative Region (HKSAR) Government has outlined continued measures to bolster the convention and exhibition (C&E) sector as part of its broader economic recovery strategy. These initiatives, announced in the 2023 Policy Address, aim to strengthen Hong Kong's position as a regional hub for international trade events and business gatherings.
Key among the government's plans is the expansion of C&E infrastructure, including upgrades to the AsiaWorld-Expo and the development of new facilities in Wan Chai North. These projects are projected to increase total C&E space by 40%, reaching 220,000 square metres. The government also reaffirmed its commitment to the Incentive Scheme for Recurrent Exhibitions, which provides financial support for recurring trade exhibitions hosted in Hong Kong. Additionally, the Hong Kong Tourism Board will continue pursuing bids for major international MICE (Meetings, Incentives, Conventions, and Exhibitions) events through targeted funding programs.
The Hong Kong Exhibition & Convention Industry Association (HKECIA) has welcomed these measures, noting a gradual recovery in international trade fairs since early 2023. According to HKECIA Chairman Stuart Bailey, the sector is on track to regain pre-pandemic levels of activity, with recurrent exhibitions playing a critical role in sustaining Hong Kong's status as the "Trade Fair Capital of Asia." The association emphasized that government incentives will help secure long-term event commitments, which are vital for economic revitalization.
While specific funding figures for the 2026 fiscal year were not disclosed in the referenced materials, the government's multi-year focus on infrastructure and incentives underscores its strategic alignment with regional economic goals. Investors and industry stakeholders are advised to monitor implementation timelines and capacity utilization rates at expanded facilities, which could influence future returns on related investments.
According to the HKECIA statement, 26 October 2023.
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